Long-term finance plays an important role in economic development. Extending the maturity structure of finance is often considered to be at the core of sustainable financial development.
... See More + Long-term finance, frequently defined as all funding for a time frame exceeding one year, may contribute to faster growth, greater welfare, shared prosperity, and enduring stability in two important ways: by reducing rollover risks for borrowers, thereby lengthening the horizon of investments and improving performance, and by increasing the availability of long-term financial instruments, thereby allowing households and firms to address their lifecycle challenges. This report seeks to contribute to the policy discussion on long-term finance. It provides stylized facts on the use and provision of long-term finance and examines both new and older evidence on the use of long-term finance and its economic impact. The report provides a careful review and synthesis of recent and ongoing research, identifying those policies that work to promote long-term finance and those that do not, as well as areas where more evidence is still needed. This report brings new data and research and draws on available insights and experience to contribute to the policy discussion.
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Long-term finance plays an important role in economic development. Extending the maturity structure of finance is often considered to be at the core of sustainable financial development.
... See More + Long-term finance, frequently defined as all funding for a time frame exceeding one year, may contribute to faster growth, greater welfare, shared prosperity, and enduring stability in two important ways: by reducing rollover risks for borrowers, thereby lengthening the horizon of investments and improving performance, and by increasing the availability of long-term financial instruments, thereby allowing households and firms to address their lifecycle challenges. This report seeks to contribute to the policy discussion on long-term finance. It provides stylized facts on the use and provision of long-term finance and examines both new and older evidence on the use of long-term finance and its economic impact. The report provides a careful review and synthesis of recent and ongoing research, identifying those policies that work to promote long-term finance and those that do not, as well as areas where more evidence is still needed. This report brings new data and research and draws on available insights and experience to contribute to the policy discussion.
See Less -